Investments template

Fund terms comparison

Agents read a manager's LPA and DDQ against your allocation standards. See the terms side by side, with each difference marked and cited before you ask for a side letter.

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Your standards

Start with the terms your firm expects.

Set the thresholds once. Agents use your checklist to compare each manager, keeping what was offered beside what you asked for.

Your allocation standardsPrivate equity · v3
Management feeNo more than 1.50%
Preferred returnAt least 8%
GP commitmentAt least 2%
Key person provisionAny 2 named partners
Quarterly reportingWithin 60 days
ESG reportingAnnual portfolio report

Terms outside these standards go to the review list. Your team decides what to negotiate.

Read the full provision

A percentage on its own is not enough. Agents keep the basis, period and conditions with the term.

Separate missing from different

A provision that was not found stays visible. It does not become a match just because the documents are silent.

Keep negotiation with the team

The app shows the differences and the source passages. Your allocators choose the requests to take to the manager.

The app

Every difference has two sides.

The fund's provision, your standard, and the clause behind the finding. Keep the points to negotiate together before requesting the side letter.

Fund termsHalcyon Fund IIISearchAsk

The fund beside your standards

6 terms checked · 2 outside standard · 1 missing

Request side letter
TermHalcyon Fund IIIYour standardDifference
Management fee1.75% during investment periodLPA · §6.1No more than 1.50%Above standard
Preferred return8% compounded annuallyLPA · §8.2At least 8%Meets standard
GP commitment3% of total commitmentsDDQ · p. 14At least 2%Better
Key person provision2 of 4 named partnersLPA · §10.3Any 2 named partnersMeets standard
Quarterly reportingWithin 90 daysLPA · §12.1Within 60 daysOutside standard
ESG reportingNo provision foundLPA + DDQAnnual portfolio reportMissing

Fee · review note

Assigned to allocator team

LPA · §6.1

During the Investment Period, the annual Management Fee shall equal 1.75% of aggregate Commitments.

Ask the manager about a 1.50% fee in the side letter.

What it reads

  • The manager's LPA and DDQ
  • Your allocation standards
  • Updated fund documents

What allocators see

  • Fund terms beside your standards
  • Better, different and missing provisions
  • Cited passages for the review list

What you set

  • Your preferred terms and thresholds
  • The fund strategies you compare
  • Who owns the manager follow-up

Questions

What people ask about fund terms comparison.

Can we use our own allocation standards?

Yes. Give the agents your checklist and the terms you want to compare. You can change the instructions and the app as your standards change.

Can we verify the extracted terms?

Yes. Extracted results keep their source references so your team can open the document and check the passage.

Are our fund documents used to train models?

No. Your documents and results are never used to train a model, and a data processing addendum backs that.

Can it run in our own cloud?

Yes. Strive runs in our cloud, or in your own VPC on AWS, Google Cloud or Oracle Cloud, or on your own Kubernetes cluster.

Which document-heavy job would you hand over first?

Bring one process you want to improve and the information behind it. We build the first version with you in the session, so the first thing you see is your own work, running.

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An hour of your time and a process you know well. That's all it takes.